Bill Tracker / 119th Congress / H.R. 7401
H.R. 7401 · 119th Congress
Small Business Lending Fraud Prevention Act
Latest action: Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship. — 07/13/2026
What This Bill Does
Small Business Lending Fraud Prevention Act
This bill requires Small Business Administration (SBA) employees who participate in the origination, review, or approval of SBA loans to certify in writing prior to such participation that the employee
does not have any conflict of interest with respect to the loan,
will disclose any such conflict of interest arising after the certification is made, and
understands the requirements with respect to conflicts of interest applicable SBA employees.
Under current law, federal employees must disclose financial conflicts of interest with respect to a particular matter and recuse themselves from such matter (with limited exceptions upon authorization from the employee's agency designee).
The SBA must issue regulations implementing the requirements of this bill.
Summary as of 02/20/2026, via Congress.gov / Congressional Research Service.